Monthly Archives: October 2010

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Commercial real estate is defined as property that is used for the purpose of commerce. For example, an office building, a warehouse, retail store, shopping center or an apartment building with five or more units.

Today in 2010, due to the global recession since 2008, there is a much higher supply of commercial real estate than its demand, and hence the prices are attractive and can be negotiated hard by interested buyers.

We expect that commercial real estate prices may correct by 10-20% in 2011 depending on the country and city. In general one can’t go wrong with buying commercial real estate (office space, rather than shopping malls) in big cities if the time frame is 5-10 years.

The risk-reward is more in commercial property than in residential property. Commercial real estate returns can give attractive over 5-10 year period; much better than you would get from residential real estate of the same proportion.

Location is very important in commercial real estate. Our experience has been that “it is better in general” to have a small space at a busy city-center/downtown place, than to a big space at a suburb.

London and New York are two cities that will deliver good returns despite recession if you can invest for 5-10 years. Irrespective of where you are in the world, see if you can invest in commercial property in high growth cities like Mumbai, New Delhi, Hong Kong, Shanghai, etc. These cities can deliver 5x returns in 10 years. Continue reading →

All 33 Miners Rescued Safely from San Jose Mine in Chile, and it is an amazing feat. This is a miracle. We are very happy to see all miners come back alive and safely. 33 out of 33 in such a difficult mining accident will make it a milestone in mining history, or any engineering accident for that matter.

And it has been made possible by (1) sheer determination of the trapped miners to survive and (2) absolute top class engineering and mining effort by the rescue teams. We hear the total team was made of experts from USA, Germany, and many other countries. NASA also helped with special high calorie liquid food and psychological coaching to the trapped miners to survive the long isolation. This is a world class example for Project Management.

Congratulations to all people involved in this extremely well executed project.

estamos muy contentos de los mineros!le deseamos una larga vida!

Fenix was the capsule designed to rescue one miner at a time.

Following were photos taken from inside the mine on 27 August 2010, and we were praying for the safety of the miners, and today we are very happy after their successful rescue mission.